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On the same day the latest Gallup tracking poll showed President Obama's job-approval rating falling to a new low of 40 percent, a conservative group moved to keep him on the ropes, announcing it has purchased $1 million worth of television ads blasting the president's handling of the debt ceiling debate.

"In 2006, Senator Barack Obama, said, quote, 'raising America's debt limit is a sign of leadership failure,'" says the ad commissioned by Americans for Prosperity, before cutting to a clip of Obama as president saying "we have to extend this debt ceiling through the next election."

The ad follows several spots from a range of outside groups that have highlighted the debt ceiling debate in attacks against candidates for federal office, and in some cases, the president himself.

Liberal group Americans United For Change teamed up with AFSCME, SEIU, and NEA to launch what a six-figure television ad campaign today warning seven House Republicans and Sen. Dean Heller, R-Nev., that if Congress does not act to raise the debt ceiling by the August 2 deadline, Social Security checks and veterans benefits could be at risk. Meanwhile, the conservative Crossroads GPS has used the debate to attack Obama and vulnerable Democratic senators in their own television ads.

While Obama received low marks for his handling of the debt negotiations in the Gallup survey, House Speaker John Boehner received even lower marks -- a 31 percent approval rating -- on the same issue.

Check out the AFP ad after the jump.